JPMorgan Chase & Co. increased its position in shares of ChoiceOne Financial Services, Inc. (OTCMKTS:COFS) by 14.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,701 shares of the company’s stock after buying an additional 841 shares during the period. JPMorgan Chase & Co.’s holdings in ChoiceOne Financial Services were worth $176,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in COFS. Nisa Investment Advisors LLC bought a new stake in shares of ChoiceOne Financial Services during the third quarter worth about $34,000. Russell Investments Group Ltd. purchased a new stake in shares of ChoiceOne Financial Services during the 2nd quarter valued at approximately $109,000. American International Group Inc. bought a new stake in ChoiceOne Financial Services during the 2nd quarter worth approximately $123,000. New York State Common Retirement Fund bought a new stake in ChoiceOne Financial Services during the 2nd quarter worth approximately $186,000. Finally, UBS Group AG increased its holdings in ChoiceOne Financial Services by 34.8% during the 2nd quarter. UBS Group AG now owns 7,694 shares of the company’s stock worth $227,000 after acquiring an additional 1,986 shares during the period.
Shares of OTCMKTS:COFS opened at $30.81 on Friday. ChoiceOne Financial Services, Inc. has a one year low of $16.86 and a one year high of $34.00. The company’s fifty day moving average price is $30.36 and its 200-day moving average price is $28.83.
ChoiceOne Financial Services (OTCMKTS:COFS) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $0.67 earnings per share for the quarter. The firm had revenue of $20.39 million for the quarter.
ChoiceOne Financial Services Profile
ChoiceOne Financial Services, Inc operates as the bank holding company for ChoiceOne Bank and Lakestone Bank & Trust that provides community banking services to corporations, partnerships, and individuals in Michigan. The company offers various deposit products, including time, savings, checking, and demand deposits, as well as certificates of deposit.
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